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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (34597)	12/3/1999 12:22:00 AM
From: Compadre	Read Replies (2) \| Respond to of 99985

Helo LG, Last week when I posted about an imminent turn for the NDX and the NAZ, I said that this was a significant turn. And that it could go the the 21 day ema. I also said that it might stop at the 13 day ema because these indexes were so strong. We saw these indexes cross the 13 day ema, but they never got near the 21 day ema. An indication that this is a very strong move. The only index that touched the 21 day ema was the SPX, the DOW got close, but bounced before reaching it. I don't think too many of us expected such strong bounce here, except for the folks in Standard and Poors who obviously were a big factor in this run by adding YHOO (I believe is YHOO) in the sp500. It is pretty obvious where they what this market to go. As for their motives, that is another question. I never had a chance to do anything in this pullback (fortunately). My trading system was stuck in buy mode and never changed. I believe it is going on the twenty third of the buy signal so far. Still a buy tonight. Regards, Jaime